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IEPPE Exam Dumps : Internationally Educated Professional Practice Exam

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Internationally Educated Professional Practice Exam Questions and Answers

Question 1

A founding value of Canadian culture is a belief in the Rule of Law. What does this mean?

Options:

A.

The law applies equally to all members of society.

B.

The law is designed to control all citizens.

C.

The law is a set of rules enforced by a government.

D.

The law is a principle governing the words and actions of members of a society.

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Question 2

It can take a lot of time to construct a new building, and often legislation, codes, or standards will change during that time. With which codes must the end design be compliant?

Options:

A.

The end design must meet the requirements that are in place at the end of the process.

B.

The end design must meet the requirements that were in place when permits were issued.

C.

The end design must meet requirements that were in place when they broke ground.

D.

The end design must meet requirements that were in place when the contract was signed.

Question 3

Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.

In your opinion, is there justification for starting up with one business form and converting to another form later?

Options:

A.

Yes, there is justification for starting up with one business and converting to another form because it provides the owners with interesting variety.

B.

No, there is no justification for starting up with one business form and converting to another form because it is too expensive.

C.

Yes, starting out as a partnership might be the easiest/cheapest way to get the business started and it could be switched to a corporation for liability protection and tax advantages when growth begins.

D.

No, it is bad business practice to change the form in which a business is being operated as it creates confusion among clients and suppliers.